China's road logistics price index up in May

China's road logistics sector maintained stable growth in May, with the price index showing modest improvement amid the country's efforts to stabilize the economy and boost domestic demand, according to data released by the China Federation of Logistics and Purchasing on Tuesday.

The index came in at 105 points in May, up 0.06 percent month on month, and 2.02 percent higher than the same period in 2024. The full-truckload logistics sub-index, which mainly measures bulk commodity and regional transportation, stood at 105.6 points, increasing 0.07 percent month on month and 2.34 percent year on year.

Regional data indicated a stronger recovery momentum in inland areas, where domestic demand plays a more significant role in driving economic activity.

"The rebound in the road logistics price index reflects a momentum of steady recovery of domestic market demand, supported by a series of pro-growth policies. The road transport market has maintained a basic balance between supply and demand," said He Hui, vice president of the federation.

Industry analysts noted that the improvement came as China's international trade environment showed signs of stabilization while domestic market demand remained resilient. Looking ahead, with the economic recovery gaining more solid footing and businesses maintaining positive expectations, the road logistics market is expected to remain active in the coming months.

China's road logistics price index up in May

China's top political advisor Wang Huning has met with delegates attending the 11th national congress of the Taoist Association of China, which was held on Monday and Tuesday in Beijing.

Wang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Chinese People's Political Consultative Conference National Committee, stressed the importance of implementing the Party's basic policy on religious affairs, and of guiding followers and key figures of Taoism to contribute to the country's modernization drive.

Wang urged the association to exercise full and rigorous governance over the religion, intensify efforts to raise awareness of the rule of law, and foster an image of a Taoist community that is patriotic and devoted to the faith, maintains good conduct, abides by the law, and upholds Taoist precepts.

He encouraged the association to cultivate talent proficient in both canonical teachings and fine traditional Chinese culture, and to expand global exchange in Taoism.

At the national congress, the association adopted a revised charter, as well as a set of religious rules and regulations, and elected new leadership.

Top political advisor meets with Chinese Taoist delegates